The Permian Oil Boom Is Showing Signs of Overheating

At 10:30 p.m. on an 85F August night in Penwell, West Texas, a 69-year-old repairman is hammering away at the frame of an 18-wheeler in the forecourt of an abandoned truck stop. The song Free Bird by Lynyrd Skynrd blares from the radio. “I’m making more money than I ever did,” says Don Suggs, who spends nights inside a vacant, graffiti-covered shop nearby, where he sleeps in a hammock. Just six weeks earlier he was retired, living near Dallas. He’s here now, he says, “for one last hoo-rah.” Suggs’s sole employee, Bo Bennett, a heavily tattooed native of Waco, Texas, beds down in what used to be the shop’s freezer. The only sign of a home comfort is a hanging punch bag. “This is the new West,” says Bennett with a smile. The Permian Basin is six years into a boom sparked by advances in drilling methods that have […]